Financing Minister Dr Cassiel Ato Forson states the federal government will not present any brand-new taxes in 2027, deciding rather to enhance income collection and enhance the administration of existing tax laws.
Providing the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026, he stated the federal government’s concern was to guarantee that taxes currently due were gathered effectively and relatively.
“This 2027 Budget will not present any brand-new tax. Our job is to gather what is legally due, close the leaks, and make the earnings system work much better,” he stated.
“Taxpayers are worthy of clear guidelines, reasonable treatment, and prompt choices,” he included.
Dr Forson revealed strategies to evaluate and modernise a number of tax laws and administrative structures in 2027.
The proposed evaluation will cover the Income Tax Act, the Revenue Administration Act, stamp task administration and the Communications Service Tax structure.
The federal government likewise means to evaluate custom-mades tariff and responsibility concessions on picked basic materials, equipment and other inputs to support regional markets.
Laws will likewise be established to promote constant application of the reformed tax laws.
The Finance Minister stated Ghana’s Double Taxation Agreements would be evaluated in line with the United Nations Framework Convention on International Tax Cooperation.
He stated the workout would look for to attend to tax evasion and treaty abuse while securing genuine financial investment.
The federal government will likewise reinforce conflict resolution systems to make tax compliance easier and less expensive for taxpayers.
The prepared reforms come in the middle of issues from areas of the economic sector and the Minority in Parliament about the tax problem and the expense of operating.
The Finance Minister stated the federal government’s technique would concentrate on enhancing the performance of the earnings system instead of presenting extra taxes.
The evaluation of the tax laws and associated administrative structures is anticipated to start in 2027.
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